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> Nobody in financial services thinks that real-time settlement is a bad idea Maybe this is referring to something else, but e.g. Matt Levine thinks it's a bad
by colmanhumphrey 6y ago
> Nobody in financial services thinks that real-time settlement is a bad idea
Maybe this is referring to something else, but e.g. Matt Levine thinks it's a bad idea: https://www.bloomberg.com/news/newsletters/2021-02-26/money-stuff-startups-sometimes-stretch-the-truth https://www.bloomberg.com/news/newsletters/2021-02-26/money-... discusses how real time settlement on spot prices for electricity would be worse than the alternative.
https://www.bloomberg.com/news/newsletters/2021-02-25/money-stuff-gamestop-is-happening-again https://www.bloomberg.com/news/newsletters/2021-02-25/money-... discusses how real time settlement would require you to have all money on hand immediately, making trading more difficult and expensive. Also amusingly:
> It is not unimaginable that the stock market could move to real-time settlement; you could put stocks on the blockchain hahaha.